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US Open Briefing — Sun, Oct 4

      Published October 4, 2026 · US session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Futures are pulling back into the open after printing local highs near 7,784 on ES and 31,090 on NQ. Price action across both instruments shows consecutive lower closes on the 15-minute timeframe, retracing toward the mid-point of the overnight session. The near-term tone leans cautious as buyers attempt to establish footing above the session base.

Key levels — futures & ETF equivalents

      ES session resistance
      7784.00 (SPY ~$778.40)
    

      ES overnight low support
      7766.00 (SPY ~$776.60)
    

      NQ session resistance
      31090.00 (QQQ ~$758.29)
    

      NQ session base support
      31000.00 (QQQ ~$756.10)
    

Positioning views

SPY premarket levels QQQ premarket levels ES overnight levels NQ overnight levels

Market Structure Academy

Market Profile POC VAH VAL Overnight inventory Failed auction Overnight high/low Previous close

On the calendar

The economic calendar is light during US trading hours, with regional bank holidays in Australia and China later in the session. Broad macro headlines regarding energy infrastructure and the earlier OPEC-JMMC meeting serve as the primary external backdrop.

News backdrop: Somewhat-Bullish · 28 macro headlines, last 24h (Alpha Vantage)

Published as it was generated, exactly as delivered to subscribers at the time — not edited or curated after the fact. Informational commentary only, not trade signals or personalized financial advice. New terms? See the glossary.

← London, October 4, 2026

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